Participants discussed measures against the financial crisis.
Following the meeting they decided to allocate a total amount of 950 billion rubles in junior loans to a number of banks for a period of no less than five years.
The President suggested that the government cabinet develop detailed proposals concerning modifications to the legislation relating to a simplified regime for debt collection and restructuring credit organisations, and put these proposals to the State Duma as quickly as possible The head of the state emphasised that today decisions in this sphere must be taken as urgently as possible.
The President ordered his Executive Office and cabinet members to work on issues surrounding support for the banking system on a day to day basis.
Head of the Presidential Executive Office Sergei Naryshkin, Presidential Aide Arkady Dvorkovich, Deputy Prime Minister and Finance Minister Alexei Kudrin, Economic Development Minister Elvira Nabiullina, chairman of the Russian Central Bank Sergei Ignatiev, head of the Federal Service for Financial Markets Vladimir Milovidov, representatives of the banking community Andrei Akimov (Gazprombank), German Gref (Sberbank), Vladimir Dmitriyev (Vnesheconombank) and Andrei Kostin (VTB Bank) all participated in the meeting.